On 26 Jun 2003, at 9:01, [EMAIL PROTECTED] wrote: > thanks, JP - you're saying it's a perception thing right?
The whole idea of arguing about whether there "should" be a spread and where it "should" be centered is absurd. That presuposes someone has a choice about it. Those questions should, and ultimately will, be answered by the market. The only reason it arises in the case of e-gold is because of Omnipay's bailment monopoly. Because of this Omnipay can move the center upwards by restricting supply. (It can't similarly move it down at will. In the absence of this monopoly the magnitude and location of the spread would be set by the market. The question does not arise for GoldMoney or eBullion (I am not sure if Pecunix has a monopoly supplier or not). Best, CCS ------------------------------------------------------ - Virtual Phonecards - Instant Pin by Email - - Large Selection - Great Rates - - http://speedypin.com/phonecard/start.html?af=743 - ------------------------------------------------------ ************************************************** * Craig Spencer * * [EMAIL PROTECTED] * ************************************************** --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
